Regulation 51 - Vesting of the management with resolution professional
Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 Chapter X MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR
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Management vesting with resolution professional requires a prescribed application in the Board-notified format. For the purposes of section 54J(1), the resolution professional is required to make the application for vesting of management in the format notified by ... Summary
Management vesting with resolution professional requires a prescribed application in the Board-notified format.
For the purposes of section 54J(1), the resolution professional is required to make the application for vesting of management in the format notified by the Board. The provision concerns the prescribed application mechanism for vesting of the corporate debtor's management with the resolution professional.
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